PREMIER BUSINESSOWNERS POLICY

Transcription

1 NATIONWIDE P & C INS CO ONE NATIONWIDE PLAZA COLUMBUS, OH PREMIER BUSINESSOWNERS POLICY COMMON DECLARATIONS RENEWAL Policy Number: ACP BPOK Named Insured: BOFTON ASSOCIATES LLC - DBA EXIT FIRST REALTY Mailing Address: 2139 ESPEY CT STE 1 CROFTON, MD SMITH AND ASSOCIATES INC Agency: Address: UPPER MARLBORO MD Agency Phone Number: (301) Effective From To :01 AM Standard Time at your principal place of business. Form of your business entity: LIMITED LIABILITY CO Description of your business: REAL ESTATE BROKER IN RETURN FOR THE PAYMENT OF THE PREMIUM AND SUBJECT TO ALL THE TERMS OF THIS POLICY, WE AGREE TO PROVIDE THE INSURANCE STATED IN THIS POLICY. CONTINUATION PROVISION: If we offer to continue your coverage and you or your representative do not accept, this policy will automatically terminate on the expiration date of the current policy period stated above. Failure to pay the required premium when due shall mean that you have not accepted our offer to continue your coverage. This policy will terminate sooner if any portion of the current policy period premium is not paid when due. RENEWAL POLICY NOTICE: In an effort to keep insurance premiums as low as possible, we have streamlined your renewal policy by not including printed copies of policy forms or endorsements that have not changed from your expiring policies, unless they include variable information that is unique to you. Refer to your prior policies for printed copies of thes forms. If you have a need for any form, they are available by request from your agent TOTAL POLICY PREMIUM $ Previous Policy Number STATUS I ACP BPOK ENTRY DATE Countersignature Date These Common Policy Declarations, together with the Common Policy Conditions, Coverage Form Declarations, Coverage Forms and any endorsements issued to form a part thereof, complete the Policy numbered above. PB (01-01) Page 1 of 2 DIRECT BILL LBTL AJC AGENT COPY UID

2 SCHEDULE OF NAMED INSUREDS Policy Number: ACP BPOK From To Named Insured: BOFTON ASSOCIATES LLC - DBA EXIT FIRST REALTY PB (01-01) Page 2 of 2 AGENT COPY

3 NATIONWIDE PROPERTY AND CASUALTY INSURANCE COMPANY IN WITNESS WHEREOF, Nationwide Property And Casualty Insurance Company has caused this policy to be signed by its President and Secretary, and countersigned by a duly authorized representative of the Company. SECRETARY PRESIDENT SP Page 1 of 1 ACP BPOK AGENT COPY

4 PROPERTY DECLARATIONS Policy Number: ACP BPOK From To Description of Premises Number: 001 Building Number: 001 Construction: JOISTED MASONRY Premises Address 2139 ESPEY CT STE 1 CROFTON MD Occupancy T Classification: OFFICES - PROFESSIONAL Described as: REAL ESTATE OFFICE WE PROVIDE INSURANCE ONLY FOR THOSE COVERAGES INDICATED BY A LIMIT OR BY "". The Property Coverage provided at this premises is subject to a $ 500 Deductible, unless otherwise stated. COVERAGES LIMITS OF INSURANCE Building - NOT PROVIDED Business Personal Property - Replacement cost $154,400 ADDITIONAL COVERAGES - the Coverage Form Includes other Additional Coverages not shown. Business Income- ALS - 12 Months- NOHourWaiting Period- 60Day OrdinaryPayrollLimit Extra Expense - Actual Loss Sustained (ALS) - 12 Months - NOHour Waiting Period Equipment Breakdown Automatic Increase in Insurance - Building 3% Automatic Increase in Insurance - Business Personal Property 2.9% Back Up of Sewer and Drain Water (limit shown per Building, subject to $25,000 policy aggregate) $5,000 OPTIONAL INCREASED LIMITS Included Limit Additional Limit Account Receivable $25,000 $25,000 Valuable Papers and Records (At the Described Premises) $25,000 $25,000 Forgery and Alteration $10,000 $10,000 Money and Securities - Inside the Premises $10,000 $10,000 Outside the Premises (Limited) $10,000 $10,000 Outdoor Signs $2,500 $2,500 Outdoor Trees, Shrubs, Plants and Lawns $10,000 $10,000 Business Personal Property Away From Premises $15,000 $15,000 Business Personal Property Away From Premises - Transit $15,000 $15,000 OPTIONAL COVERAGES - Other frequently purchased coverage options. Employee Dishonesty $25,000 Policy Occurrence Ordinance or Law Loss to Undamaged Portion NOT PROVIDED 2 - Demolition Cost and Broadened Increased Cost of Construction NOT PROVIDED Office PLUS Endorsement (PB2005) PROTECTIVE SAFEGUARDS This premise has Protective Safeguards identified by symbols below. Insurance for Fire or Burglary and Robbery at this premise will be excluded if you do not notify us immediately if any of these safeguards are impaired. See PB for a description of each symbol. APPLICABLE SYMBOLS: P-1; P-2; P-7; PB (04-11) Page 1 of 2 DIRECT BILL LBTL AJC AGENT COPY UID

5 MORTGAGEE ASSIGNMENT INFORMATION Policy Number: ACP BPOK From To Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: PB (04-11) Page 2 of

6 PROPERTY DECLARATIONS Policy Number: ACP BPOK From To Description of Premises Number: 002 Building Number: 001 Construction: MASONRY NON-COMBUST Premises Address 1110 STATE ROUTE 3 N GAMBRILLS MD Occupancy T Classification: OFFICES - PROFESSIONAL Described as: STORAGE UNIT WE PROVIDE INSURANCE ONLY FOR THOSE COVERAGES INDICATED BY A LIMIT OR BY "". The Property Coverage provided at this premises is subject to a $ 500 Deductible, unless otherwise stated. COVERAGES LIMITS OF INSURANCE Building - NOT PROVIDED Business Personal Property - Replacement cost $41,200 ADDITIONAL COVERAGES - the Coverage Form Includes other Additional Coverages not shown. Business Income- ALS - 12 Months- NOHourWaiting Period- 60Day OrdinaryPayrollLimit Extra Expense - Actual Loss Sustained (ALS) - 12 Months - NOHour Waiting Period Equipment Breakdown Automatic Increase in Insurance - Building 5% Automatic Increase in Insurance - Business Personal Property 2.9% Back Up of Sewer and Drain Water (limit shown per Building, subject to $25,000 policy aggregate) $5,000 OPTIONAL INCREASED LIMITS Included Limit Additional Limit Account Receivable $25,000 $25,000 Valuable Papers and Records (At the Described Premises) $25,000 $25,000 Forgery and Alteration $10,000 $10,000 Money and Securities - Inside the Premises $10,000 $10,000 Outside the Premises (Limited) $10,000 $10,000 Outdoor Signs $2,500 $2,500 Outdoor Trees, Shrubs, Plants and Lawns $10,000 $10,000 Business Personal Property Away From Premises $15,000 $15,000 Business Personal Property Away From Premises - Transit $15,000 $15,000 OPTIONAL COVERAGES - Other frequently purchased coverage options. Employee Dishonesty $25,000 Policy Occurrence Ordinance or Law Loss to Undamaged Portion NOT PROVIDED 2 - Demolition Cost and Broadened Increased Cost of Construction NOT PROVIDED Office PLUS Endorsement (PB2005) PROTECTIVE SAFEGUARDS This premise has Protective Safeguards identified by symbols below. Insurance for Fire or Burglary and Robbery at this premise will be excluded if you do not notify us immediately if any of these safeguards are impaired. See PB for a description of each symbol. APPLICABLE SYMBOLS: P-1; PB (04-11) Page 1 of 2 DIRECT BILL LBTL AJC AGENT COPY UID

7 MORTGAGEE ASSIGNMENT INFORMATION Policy Number: ACP BPOK From To Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: Additional Interest Number: Loan Number: PB (04-11) Page 2 of

8 LIABILITY DECLARATIONS Policy Number: ACP BPOK From To WE PROVIDE INSURANCE ONLY FOR THOSE COVERAGES INDICATED BY A LIMIT OR BY "". COVERAGES LIMITS OF INSURANCE Liability and Medical Payments Per Occurrence $2,000,000 Medical Payments Coverage Sub Limit Per Person $1,000 Tenants Property Damage Legal Liability Sub Limit Per Covered Loss $300,000 Personal and Advertising Injury Per Person Or Organization $2,000,000 Products - Completed Operations Aggregate All Occurrences $4,000,000 General Aggregate (Other than Products - Completed Operations) All Occurrences $4,000,000 AUTOMATIC ADDITIONAL INSUREDS STATUS The following persons or organizations are automatically insureds when you and they have agreed in a written contract or agreement that such person or organization be added as an additional insured on your policy. Co-Owners of Insured Premises Controlling Interest Grantor of Franchise or License Lessors of Leased Equipment Managers or Lessors of Leased Premises Mortgagee, Assignee or Receiver Owners or Other Interest from Whom Land has been Leased State or Political Subdivisions - Permits Relating to Premises PROPERTY DAMAGE DEDUCTIBLE NONE OPTIONAL COVERAGES Hired Auto Liability Coverage PB (01-01) DIRECT BILL LBTL AJC AGENT COPY UID

9 FORMS AND ENDORSEMENTS SUMMARY Policy Number: ACP BPOK From To FORM NUMBER TITLE LI NUCLEAR ENERGY LIABILITY EXCLUSION PB PREMIER BUSINESSOWNERS PROPERTY COVERAGE FORM PB PREMIER BUSINESSOWNERS LIABILITY COVERAGE FORM PB PREMIER BUSINESSOWNERS COMMON POLICY CONDITIONS PB HIRED AUTO AND NON-OWNED AUTO LIABILITY PB PROTECTIVE SAFEGUARDS PB CAP ON LOSSES FROM CERTIFIED ACTS OF TERRORISM; EXCLUSION - PB OFFICE PLUS ENDORSEMENT PB EXCLUSION - VIOLATION OF CONSUMER PROTECTION STATUTES PB EXCLUSION - FUNGI OR BACTERIA PB MARYLAND AMENDATORY ENDORSEMENT PB (01-01) AGENT COPY

10 AGENT PREMIUM SUMMARY Policy Number: ACP BPOK From To Loc /Bldg Coverage Limits Premium POLICY WIDE OPTIONAL COVERAGES EMPLOYEE DISHONESTY 25, HIRED AUTO PERSONAL PROPERTY 154, PLUS PREMIUM 99 EQUIPMENT BREAKDOWN 33 LIABILITY 2,000, BUILDING TOTAL PREMIUM PERSONAL PROPERTY 41, PLUS PREMIUM 99 EQUIPMENT BREAKDOWN 27 LIABILITY 2,000, BUILDING TOTAL PREMIUM 222 If an * is shown for a coverage, then the limit shown is the additional amount of insurance for that coverage - see the Declarations page for the total amount. PB 81 PS (01-01) DIRECT BILL LBTL AJC AGENT COPY UID

11 BUSINESSOWNERS PB THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. PROTECTIVE SAFEGUARDS This endorsement modifies insurance provided under the following: PREMIER BUSINESSOWNERS PROPERTY COVERAGE FORM NOTICE YOU RISK THE LOSS OF CERTAIN INSURANCE COVERAGE AT PREMISES DESIGNATED IN THE DECLARATIONS IF YOU FAIL TO MAINTAIN ANY OF THE APPLICABLE PROTECTIVE SAFEGUARDS, LISTED BY SYMBOL IN THE DECLARATIONS FOR EACH PREMISES. Our requirement that you maintain the protective safeguard is in consideration of a premium reduction. If you do not wish to commit to the requirements expressed in this endorsement, at our option, your insurance may be continued. However, the credit for such protection would not be applied. Your acceptance of this policy in the payment of premium when due constitutes your understanding and acknowledgement that you risk the loss of certain insurance at the premises designated if you fail to maintain the protective safeguard and your acceptance and agreement with the terms of this endorsement. Prem. / Bldg. No. SCHEDULE Description of P-9 Protective Safeguard: A. CONDITION. As a condition of this insurance, c. Add or modify any cooking equipment you are required to maintain the applicable and operate it prior to adding or protective devices or services for fire, denoted by extending any Fire Suppression System symbols P-1, P-2, P-3, P-4, P-5, P-8, or P-9; or that is required by code to protect it. for burglary and robbery, denoted by symbols P-6 If part of an Automatic Sprinkler System is or P-7), as designated at each premises by shut off due to breakage, leakage, freezing symbol in the Declarations. conditions or opening of sprinkler heads, B. EXCLUSIONS. Under Section B. EXCLUSIONS, notification to us will not be necessary if you the following exclusions are added: can restore full protection within 48 hours. 1. FIRE PROTECTIVE SAFEGUARDS 2. BURGLARY AND ROBBERY We will not pay for loss or damages caused by PROTECTIVE SAFEGUARDS or resulting from fire if, prior to the fire, you: We will not pay for loss or damage caused by a. Knew or should have known of any or resulting from theft if, prior to the theft, you: suspension or impairment in any a. Knew or should have known of any protective safeguard as designated at suspension or impairment in any each premises by symbol in the protective safeguard designated at each Declarations and failed to notify us of premises by symbol in the Declarations that fact; or and failed to notify us of that fact; or b. Failed to maintain any protective b. Failed to maintain any protective safeguard as designated at each safeguard designated at each premises premises by symbol in the Declarations by symbol in the Declarations and over and over which you have control, in which you had control, in complete complete working order; or working order. PB Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 1 of 2 ACP BPOK AGENT COPY

12 PB C. PROTECTIVE SAFEGUARD SYMBOLS. The "P-4" Service Contract with a privately owned fire protective safeguards to which this endorsement department providing fire protection service applies are identified in the Declarations by the to the described premises. following symbols: "P-5" Watchman Servicebasedon contractwith a "P-1" AutomaticSprinklerSystem, including privately owned security company providing related supervisory services. Automatic premises protection services to the Sprinkler System means: described premises. a. Any automatic fire protective or "P-6" Local Burglar Alarm protecting the entire extinguishing system, including building which in the event of an connected: unauthorized or attempted entry at the 1) Sprinklers and discharge described premises, triggers a loud nozzles; sounding gong or siren, or a visual device, on the outside of the building. 2) Ducts, pipes, valves and fittings; "P-7" CentralStation Burglar Alarmprotecting the 3) Tanks, their component parts entire building which,in the event of an and supports; and unauthorized or attempted entry at the 4) Pumps and private fire described premises, will automatically protection mains. transmit an alarm signal to an outside b. When supplied from an automatic Central Station or police station. fire protective system: "P-8" Fire Suppression System, including 1) Nonautomatic fire protective related supervisory services. Fire systems; and Suppression System means any automatic 2) Hydrants, standpipes and fire protective or extinguishing system outlets. designed to protect cooking equipment (i.e. cooking surfaces, deep fat fryers, grease "P-2" Automatic Fire Alarm, protecting the entire ducts and hoods) including connected: building, that is: a. Sprinklers and discharge nozzles; a. Connected to a central station; or b. Ducts, pipes, valves and fittings; and b. Reporting to a public or private fire alarm station. c. Tanks, their component parts and supports. "P-3" Security Service, with a recording system or watch clock, making hourly rounds "P-9" The protective system described in the covering the entire building, when the Schedule of this endorsement. premises are not in actual operation. All terms and conditions of this policy apply unless modified by this endorsement. Page 2 of 2 Includes copyrighted material of Insurance Services Office, Inc., with its permission. PB ACP BPOK AGENT COPY